Asked by Jessy
A businessman invested 10000 dollars in bonds paying annual interest of 8%. If you invest the proceeds in the purchase of new bonds, which will have the capital after 10 years
Answers
Answered by
Damon
1.08^10 = 2.16
2.16 * 10,000 = 21,589.25
2.16 * 10,000 = 21,589.25
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